Nikkei reports: Japan to introduce revised pension rule in FY 2015

Nikkei newspaper reports (via Bloomberg) that Japan’s Welfare Ministry plans to revise rules to limit pension payouts despite changes in inflation rate

• Revised rules would allow govt to cut nominal payment by 0.9%, regardless of levels of inflation or deflation
• The government plans to submit bill to parliament in 2015

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Good luck with that one, guys.